EUR/JPY Anytime!

How can we see volumes when it doesnt come from 1 place like Stock market: we dont have 1 central bank for forex

thank you bidie and petar. i will check that out.

Ok guys i opened sell on EURJPY at price 129.80 TP 50 SL 50

what was the setup there?

I sel UJ.Stil waiting for EJ

Japan finace minister said that he will not make curencies action by Japan.BUT he will ask for new budget.Maybe later they try to make JPY weaker.This strong is bad for japan economy.

Hi all

This first post in this thread.

I just buy EJ @130.03, let's see what happen

bullish....

Ok lost 50 but ist ok i said buy all this week and i open sell but its ok...

Move SL to BE +

Free stress now.

Ok guys i must go to sleep good night and happy piping

Wait next setup...
Still early week this time.

Look at M1, move SL to 130.12

Sorry guys see ya at 131,80(131.50 first).Still short USDJPY

move SL to 130.33

exit trade 130.55 for 50 pips

Excellent run Masut!

I just shorted it for a quick +28

Last week close at 129.70 back inside the ichimoku cloud with the sekou span B acting as strong support means the bearish bias is likely to be on hold for now, I see this as an opportunity for the bulls to come into the market and try to push price toward the span A or atleast to weekly pivot at 132.69, just last week though I have decided to stop using price projection or target in my trading but will be using the hourly 9/26 ichimoku crossover with a close below the kijun sen as exit not excluding other ichimoku exit signals with trailing stop.

Based on last week close back into the weekly Kumo, I have entered long today at 129.94 around 15pips on top of the H1 kumo which has acted as support with two hourly closes on top of the H1 kumo.

entry @ 129.94
SL @ 129.02( bottom Kumo on H1 also 20pips below the kijun sen)

Idealy I am targeting the 131.70=77 area (the bottom kumo on daily chart) which was the break that triger the last bearish move down we enjoyed last week(check H4 chart on 25Nov) but as mentioned earlier my ichimoku will tell me if there will be a storm b4 that for exit strategy.

Last week close might be an early indicator that eurjpy is still trading within range of 138.72 and 127.02 and if so an interesting rally may be up targeting and breaking top kumo on 141.03 which also around 50% fibo level on weekly(8AUG 2008 to 23 JAN 09, well we see and what I normally do is take my pips as I collect them and I will definately be going up and down with the trend no matter which direction it goes. As price is trading within the weekly Kumo aslo confirms the presence of ranging market conditions. As we all know what you see on the chart today may be different from what you see tomorrow.

Bullish divergence on daily charts on MACD and Stoch but weekly is negative, so will be treading carefully until a crystal picture unfolds. I am hoping to load some charts later but I am also busy working on my upcoming website, if interested drop me line, in the meantime happy pipping and glorious hunting.

"your chart is KING as long as you have the correct data, fundamentals is shit, blind and risky, learn your TA correctly"

UPDATE:

Well, I am still holding my long position @129.94 will [email protected] with around -10pips at the moment after getting up to around plus 90pips, got stopped out of 1lot cos of trailing stop with 70pips profit and keeping the other 1lot open,maybe I should have closed all at 90pips but still my setup is still good but a little bit shaky as am back to around breakeven with remain 1lot, depending on this H1 candle close will either close position or remain.... this setup is not one of best setup as D1 and H4 charts are trading below cloud but lets see..


UPDATE:

I see the selling pressure @129.92 but I am looking at a close above 130.07 to enable me adjust my remaining position to breakeven 129.94 for exit strategy as H1 has closed inside ichi cloud so in this regard I am watching carefully to minimize my exposure though think the trade is still ok but I dont like fighting with the market as I normally enjoy smooth ride up to 120-150pips on this pair..still watching as a previous channel line seems to be holding price around 129.97/92


Update:

I am still here and still long, still watching we'll see what happens


UPDATE:

I am still here , still long at 129.94, SL moved to 129.70, still watching 131.77 area, well lets see..


UPdate>

just moved SL to 129.44, i know this is not very sound trading but I have to follow my whim, which has kept in till now lol, we see

Update: this trade is acting funny now, so closing now at 129.70 ,loss 24pips, well not bad 70pips minus 24pips equals 24pips. this will allow for more studies for new positions

Well the bears dey is winnin for now- Da Bears

Am long a small amount myself- waiting for bounce up but the dump has been made so the SM may be starting the accumulation game all over again now-

We testing lower trend line- then up I think-
Of course I could be wrong-

Then again i may be right-

Was right for 15 pips or so

Now we got to .35 to meet fibo levels?


instead of regretting missing these big moves I am learning to play the reaction- still want to time the big moves however- what a video game-


trendline suggests we are heading down to 129.80 I think-
Right in the middle of the down move at the moment-
Get it over with boys- rape and pillage and then up we go- (so to speak)

So we are clearly in sell mode and have been going to support at 129.70
Lots of distribution happened up at the 130.50 level where I got snagged for 10% of my tiny account-


testing testing- is this thing on?
Am about to get stopped out if it doesn't turn-
Stopped out but bought back in lower-

Guess that is as low as we go for now-.....

Went quite a bit lower than I thought- tested the 129.35 level-
Not sure why-

Happy pips to all-

Seems to be a wall of selling at 129.92- has hit that level 4 times on the 5 min


Tested just above that level- then- Down we go